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| Statement confirming | Para 1.18 | The GOLD Proj.ect is established for the benefit of the public in the | |
| whether the trustees have | areas of education and the advancement of the Christian religion. | ||
| had regard to the | ln setting up the charity, the trustees consulted with the Charity | ||
| guidance issued by the | Commission in both of these areas. The Charity seeks to follow | ||
| Charity Commission on | best educational practice and is open to work with various | ||
| public benefit | Christian denominations. | ||
| Additional information (optional) | |||
| You may choose | to include further statements where relevant about: | ||
| SOFZP | |||
| reference | |||
| F>olicy on grant making | Para 1.38 | The charity maintains a policy on grant making to ensure | |
| transparency and opeinness in assigning bursaries from the | |||
| restricted fund (the Monica Fund) set up for this purpose | |||
| (December 2015). This policy was reviewed and updated by the | |||
| Trustees in September 2022. This policy is due for review in 2025. | |||
| Policy on social | F>ara 1.38 | The Trustees continue to invest a significant amount of the GOLD | |
| investment including | FJroject assets (c£40,000) in an Ethical Investment Fund. The | ||
| programme related | publishing and delivery of our courses seek to take account of | ||
| investment | their environmental impact and our printing partner invests 10% of | ||
| their profits in supporting work amongst the homeless in Oxford. | |||
| Our courses deliberately seek to consider issues faced by learners | |||
| with dyslexia and dyspraxia as well as other learners who have | |||
| traditionally been excluded from Christian and theological studies. | |||
| Contribution made by | Para 1.38 | Each learning group is led by voluntary group leaders who are | |
| volunteers | normally selected by the local church and trained by GOLD | ||
| Project. | |||
| In addition to the specific services he has been paid for by the | |||
| Charity, the Director of the GOLD F>roj.ect continues to give up to 2 | |||
| days per week as a volunteer. |
| SOF}P | ||
|---|---|---|
| reference | ||
| F}eview of the charity's | Para 1.21 | During the accounting period, the GOLD F>roject had total receipts |
| financial position at the | of £31,786 including the realisation of some of our investment | |
| end of the period | funds. Without these additional funds, our receipts would have been fl5,03l (up from fl2,405). F2eceipts from course fees and |
|
| study days were approximately £3,530 (up from £3250 in 2023). In | ||
| accordance with the Trustees plan to invest our assets in the | ||
| development of GOLD Project, the total payments for 2024 were | ||
| £31,786 (up from £30,871 in 2023). | ||
| Statement explaining | Para 1.22 | The Trustees of GOLD Project have an agreed a policy to hold six |
| the policy for holding | months' operating costs as reserves. With the addition of the | |
| reserves stating why they are held |
salary for a part-time Marketing Officer, the budget for 2025 anticipates a total annual operating expenditure of fl6,475 which means that the reserve for the coming year should be set at |
|
| £8,238. |
| Amount of reseives held | Para 1.22 | Unrestricted Cash funds at 31/12/2024 were: £ 504:\15. |
|---|---|---|
| Restricted Cash funds (bursary fund) at 3M2/2024 werei £ 2,091.55. | ||
| Col F Ethical Investment fund at 31/12/2024 was valued at: £39,529. | ||
| (restricted £4,292 and unrestricted £35,236.90). | ||
| Liabilities of flo,OOO from an interest free loan mean that the | ||
| overall assets of GOLD Project as of 3M2/2024 stood at £32,124. | ||
| F{easons for holding | Para 1.22 | N/A |
| zero reserves | ||
| Details of fund | Para 1.24 | N/A |
| materially in deficit | ||
| Explanation of any | Para 1.23 | As Trustees, we are seeking ways to ensure that our charitable |
| uncertainties about the | objects can continue 'in the future. As it stands, the Charity is | |
| charity continuing as a | seeking partners with whom we can pool our assets going | |
| going concern | forward. If these efforts are not successful, the Trustees will need | |
| to consider wheth-er the charity is viable. |
| YOU maychoose to inclu | de further |
statements where relevant about: |
|---|---|---|
| SOF}P | - | |
| reference | ||
| The charity's principal | Para 1.47 | The Charity has two main sources of funds for its operations. First, |
| sources of funds | the fees charged to students for studying courses and attendance | |
| (including any fundraising) |
at Study Days. Second, we have a small group of donors who give regularly to the work of the charity. |
|
| Investment policy and | Para 1.46 | GOLD Project received a significant donation at its inception. A |
| objectives including any | significant part of this has been invested in COIF Ethical | |
| social investment policy | Investment fund in keeping with the values of the Charity. The | |
| adopted | Charity will seek to use its assets in furthering the aims and objectives of the GOLD Project. |
|
| A description of the | Para 1.46 | The principal risks facing the charity are the financial and |
| principal risks facing the | administrative burden of running a small charity with very few | |
| charity | staff. The ability to recruit, train and retain suitable leaders to | |
| ensure the consistent quality of the learning experience needs | ||
| time, energy and finance. The renewal and revision of courses and | ||
| learning materials also requires significant investment. | ||
| Ongoing challenges face the charity in persuading churches and | ||
| individuals to invest time and money in significant study of the | ||
| Bible and other Christian disciplines at a time when people face | ||
the pressure of time and finances. The GOLD Pr-oject Seeks to |
||
| develop significant links with national and local churches to | ||
| mitigate against these risks. We struggle to try to balance the | ||
| need for compliance with increasing regulations while focusing on | ||
| our charitable objectives. |
| SOF2P | ||
|---|---|---|
| reference | ||
| Type of governing | ||
| document: | ||
| for example, trust deed, | Para 1.25 | Constitution (Charitable Incorporated Organjsation 2016)/ |
| memorandum and | ||
| articles of association | ||
| etc | ||
| How is the charity | ||
| constituted? | ||
| for example limited | Para 1.25 | Charitable Incorporated Organisation |
| Company, | ||
| unincorporated | ||
| association, CIO | ||
| Trustee selection | ||
| methods including | ||
| details of any | ||
| constitutional provisions e.g. election to post or |
Para 1.25 | Trustees |
| name of any person or | ||
| body entitled to appoint | ||
| one or more trustees |
| SORP | ||
|---|---|---|
| reference | ||
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | Potential Trustees are invited to attend meetings bf the Trustees as observers. Once they become Trustees they are given access to the Charity's governing documents, policies and meeting minutes and are encouraged to read information from the Charity Commission such as "The essential trustee". |
| The charity's organisational structure and any wider network with which the charity works |
Para 1.51 | GOLD Project seeks to work with various churches but has no formal connection with any particular denomination. In the course of the year, the charity has sought to strengthen and establish links UK churches by becoming members of both the Evangelical Alliance (httDs://www.eauk.ora/) and the Churches together in England (https://cte.org.uk). |
| GOLD Project has a formal agreement with SEAN UK to offer their | ||
| courses at different levels for use by local churches. We are | ||
| F2elationship with any related parties |
Para 1.51 | members of NCVO and will be seeking to create links with other related organisations in the coming year. We have also sought to create links with the wider theological world by becoming |
| associate members of the European Council for Theological | ||
| Education (ECTE). |
| Trustee name | Office (if any) |
Dates acted if not for whole year |
Name of person (or body)entitledtoappointtrustee(ifany) |
|---|---|---|---|
| F2ev Dr John Nolland | Chair | Trustees | |
| Mrs Samantha Dorothy Hands | Trustees | ||
| Dr David Mark Ball | Director/Secretary | Trustees | |
| Ben Stansfield | Trustees | ||
| F2ev Christopher Jolyon Trickey | Trustees | ||
| F2ev F2ichard Moy | Trustees `| | ||
| Corporate trustees -names of the directors at the date the report was approved | |||
| Director name | |||
| N/A | |||
| Name of trustees holding titleto property belonging to the charity | |||
| Trustee name | Dates acted if not for whole year | ||
| N/A |
| General Fund | Salary support | Monica FLind | General Fund Salary support | Monica Fund | ||
|---|---|---|---|---|---|---|
| (Unrestricted) | (Rostrlcted ) | (R®strictod) | ( Unrestricted ) (Restricted ) | (Restricted) | ||
| Receipts: | £££ | ££ | £ | |||
| Donations | 2,914.13 | 5,000.00 | 2,804.64 6,200.00 | |||
| Grants | ||||||
| Gift aid | 2,227.11 | 1,250.00 | ||||
| SEAN lntemational Rebranding Project | ||||||
| Course fees | ||||||
| Study day fees | ||||||
| Bank interest | ||||||
| Interest free loan from a trustee | ||||||
| Sale of investment | ||||||
| Total recelpts | 20,733.48 | 6,250.00 | 47.02 | 27,030.50 | ||
| Payments: | ||||||
| Course printing & photocopying | 22:Sfl .J3 | |||||
| Course fee refunds | ||||||
| Tutor support | 106.22 | |||||
| Study days | 456.80 | |||||
| Publicity & marketing | 211.59 | |||||
| Other | 602.58 | |||||
| Postage, photocopying & stationery | 503.26 | |||||
| Royalties & subscriptions | 256.50 | |||||
| Administration support | 7,660.53 10,758.34 | |||||
| Tax recoverable & pension asset increase | ||||||
| Insurance | 289.58 | |||||
| Travel & accomodation | 520.50 | |||||
| GOLD trustees expense & meeting Costs | ||||||
| Bank charges | ||||||
| Profession al services | ||||||
| Development costs : | ||||||
| Website. branding and graphic design | ||||||
| Course formatting | ||||||
| Course wTitjng and development | ||||||
| Payments subtotal: | ||||||
| Asset purchases: computer equipment | ||||||
| Total payments | ||||||
| Net of rece[pts/(payments) | ||||||
| Transfers between funds | ||||||
| Cash funds last year end | ||||||
| Cash funds this year end | ||||||
| The Group-based Open Learning Disciploship (GOLD) Project | ||||||
| Charity number 1160567 | ||||||
| Statement Of assets and llal)illt]es as at 31 Decombor 2024 | ||||||
| 2024 | 2024 | 2023 2023 | 2023 | |||
| General Fund Salary support | Monica Fund | |||||
| (Unrestricted) | (R®strleted) | (Restricted) | TOTAL | (un restricted ) (Restricted ) | (Restricted) | |
| Cash funds: | £ | £ | £ | £ | ||
| Bank account | 486.05 | 853.64 | ||||
| Savjngs account | 1,237.91 | 2.154.53 | ||||
| Petty cash | 18.10 | |||||
| Cash funds this year end |
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of THE GROUP-BASED OPEN LEARNING DISCIPLESHIP PROJECT On accounts for the year ended 31 DECEMBER 2024 Charlty no (if any) 1166567 Set out on pages I report to the trustees on my examination of the accounts of the above harity {'the Trusv) for the year ended 3111212024. Responsibilities and As the charity truslees of the Trust, you are responsible for the preparation basis of report of the accounts in aG¢ordance with the requirements of the Charities Act 2011 ('the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Dirertions given by the Charity Commission under section 145{51(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ") in connection with the examination which gives me cause to believe that in. any material respect.. accounting records were not kept in accordance with section 130 of Ihe Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable proper understanding of the accounts to be reached. Please dolet& the words in the brackets if they do not apply. Slgnad.. Date: LL Name: Patrick F O'conor Bsc FCA Relevant professlonal qualification(sl or body (if any): ICAEW Address: 51 Downs Park West Bristol BS6 7QL IER October 2018
Section B Disc105ure Only Gomplele if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. None IER October 2018